The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.
Here is a snapshot of real estate market for single family homes and condo/townhouses in WOBURN, MA for the week of April 25th, 2016. (Source: AltosResearch).
Week of April 25th, 2016 | Single Family Homes | Condo/Townhouse |
Median List Price | $449,900 | $407,450 |
Average List Price | $479,045 | $447,175 |
Average Days on Market | 45 | 67 |
No. of Homes On Market | 29 | 12 |
Median House Size | 1,858 sq ft. | 1,746 sq ft. |
Market Action Index | 62.3- Strong Seller's |
57.5 - Seller's Advantage |
Data provided by ©2005-2014 Altos Research LLC.
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